Brussels Presented a Package of Measures to Contain Chinese Expansion
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The European Union has unveiled new legislative proposals that would allow public institutions to prioritize European companies in the procurement of critical services such as energy and water, excluding Chinese companies or suppliers of Chinese products. This €2 trillion annual procurement market would strengthen sovereignty protection and address issues of trade deficits and unfair subsidies.
The EU is showing a "yellow card" to Chinese companies that claim a large share in public contracts for essential public services, such as energy, water, railways, roads, etc.
Brussels would like it to be possible for the price tag to not necessarily determine what taxpayers' money is spent on in public procurement in the future.
Economy: On Wednesday, 9 September, the European Commission presented a major reform of public procurement rules in the EU, which should replace the three existing procurement directives adopted as early as 2014.
The European Commission has just introduced a draft law allowing its Member States to exclude Chinese suppliers from public tendering. The award will no longer be based solely on the lowest price criterion, but will incorporate a 30% share related to local origin or ecology. It is a protectionist shift assumed in the face of historical commercial asymmetry.
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